Which of the Following Is True About Document Retention Requirements

question 50

Multiple Choice

Which of the following is true about document retention requirements per the IRS statute of limitations?

• A)Federal legislation requires documents to be retained for two years after the employee's termination.
• B)Payroll records must be maintained for three years after termination.
• C)Union employees' records must be retained for five years after termination.
• D)State legislation requires records to be retained for a minimum of eight years after termination.

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